FY2019 EPS Estimates for Denbury Resources Inc. (DNR) Cut by Imperial Capital

Share on StockTwits

Denbury Resources Inc. (NYSE:DNR) – Equities researchers at Imperial Capital reduced their FY2019 earnings estimates for shares of Denbury Resources in a research note issued on Thursday, November 15th. Imperial Capital analyst J. Wangler now expects that the oil and natural gas company will post earnings of $0.83 per share for the year, down from their previous estimate of $1.06. Imperial Capital has a “Outperform” rating and a $4.00 price objective on the stock.

Several other analysts also recently commented on DNR. Zacks Investment Research downgraded shares of Denbury Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th. Stifel Nicolaus upped their price objective on shares of Denbury Resources from $1.30 to $4.60 and gave the company a “hold” rating in a report on Wednesday, August 1st. ValuEngine downgraded shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Oppenheimer reaffirmed a “buy” rating on shares of Denbury Resources in a report on Thursday, November 8th. Finally, TheStreet downgraded shares of Denbury Resources from a “c-” rating to a “d+” rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Denbury Resources currently has a consensus rating of “Hold” and a consensus price target of $4.84.

DNR stock opened at $2.45 on Monday. The firm has a market capitalization of $1.19 billion, a PE ratio of 17.50 and a beta of 3.74. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.80. Denbury Resources has a 12 month low of $1.53 and a 12 month high of $6.75.

Denbury Resources (NYSE:DNR) last released its quarterly earnings data on Thursday, November 8th. The oil and natural gas company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $395.00 million for the quarter, compared to the consensus estimate of $348.39 million. Denbury Resources had a net margin of 18.81% and a return on equity of 27.79%. The business’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS.

In related news, CAO James S. Matthews sold 20,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $4.86, for a total value of $97,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 459,949 shares in the company, valued at approximately $2,235,352.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of DNR. LPL Financial LLC lifted its stake in shares of Denbury Resources by 33.5% in the 1st quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock valued at $148,000 after purchasing an additional 13,577 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Denbury Resources by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 3,149,047 shares of the oil and natural gas company’s stock valued at $8,628,000 after purchasing an additional 83,175 shares during the period. James Investment Research Inc. acquired a new position in shares of Denbury Resources in the 2nd quarter valued at $2,753,000. Hartford Investment Management Co. acquired a new position in shares of Denbury Resources in the 2nd quarter valued at $370,000. Finally, Advisor Partners LLC acquired a new position in shares of Denbury Resources in the 2nd quarter valued at $151,000. Hedge funds and other institutional investors own 93.35% of the company’s stock.

About Denbury Resources

Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

Further Reading: What are the benefits of a balanced fund?

Earnings History and Estimates for Denbury Resources (NYSE:DNR)

Receive News & Ratings for Denbury Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply